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September's Token Unlocks: What to Expect in the Crypto Market

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Release: 2024-09-01 09:47:13
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The crypto market is poised for significant activity as approximately $1.73 billion worth of tokens are set to be unlocked.

September's Token Unlocks: What to Expect in the Crypto Market

September will be a crucial month for the crypto market, with an estimated $1.73 billion worth of tokens set to be unlocked.

According to data from TokenUnlocks, around $418.53 million of these token unlocks are classified as cliff unlocks. These tokens are scheduled to be released less frequently than daily, such as weekly, monthly, or yearly.

As these tokens enter the circulating supply, they can significantly impact the market environment. While some investors anticipate these events as growth opportunities, others highlight the risk of increased selling pressure.

“The notion of ‘unlocks being bullish’ is not always accurate,” noted TokenUnlocks. “It’s essential to recognize that absorbing such a large supply will require substantial liquidity. The broader market will need to step in to absorb this influx, which could lead to increased selling pressure as these tokens seek out liquidity.”

Here are the top five大な崖トークンSeptemberにロック解除されます:

Sui (SUI)

Immutable (IMX)

Aptos (APT)

Arbitrum (ARB)

Optimism (OP)

This month's most significant cliff token unlocks, analyzed further below, include Sui (SUI), Immutable (IMX), Aptos (APT), Arbitrum (ARB), and Optimism (OP).

Sui (SUI) will begin the month with a significant token unlock on September 1. A total of 64.19 million SUI tokens, valued at approximately $51.6 million, will be released, comprising 2.47% of the circulating supply. These tokens will be distributed as follows:

Sui Ecosystem (44.19%)

Sui Core Contributors (10%)

Sui Foundation (5%)

Sui Treasury (30.81%)

Read more: Everything You Need to Know About the Sui Blockchain

Immutable (IMX)

On September 6, Immutable will also carry out a substantial token unlock, releasing 32.47 million IMX tokens. These tokens are valued at roughly $47.41 million and constitute 2.06% of IMX's circulating supply. The distribution of these tokens will be as follows:

Ecosystem (70%)

Project Development (30%)

Following Sui and Immutable, Aptos will have a token unlock on September 11, releasing 11.31 million APT tokens into the market. This batch of tokens is valued at approximately $76.68 million and comprises 2.33% of APT's total supply.

The distribution of these tokens will be as follows:

Aptos Labs (30%)

Aptos Foundation (20%)

Early Backers (25%)

Sui Ecosystem (25%)

Another significant token unlock will occur on September 16, with Arbitrum releasing 92.65 million ARB tokens. These tokens are valued at $47.48 million and represent 2.65% of ARB's circulating supply.

The distribution of these tokens will be as follows:

Ecosystem (60%)

Early Backers (20%)

Team (15%)

Warchest (5%)

Finally, Optimism will carry out a token unlock on September 30, releasing 31.34 million OP tokens. These tokens are valued at $44.51 million and will be allocated to the project's core contributors and investors, supporting Optimism's long-term sustainability.

The breakdown of this token unlock allocation will be as follows:

Core Contributors (70%)

Investors (30%)

Read more: Optimism vs. Arbitrum: Ethereum Layer-2 Rollups Compared

In addition to these major unlocks, the market will also see cliff token unlocks from other notable projects throughout September. These include dYdX (DYDX), ZetaChain (ZETA), and ApeCoin (APE). Moreover, Xai (XAI), Stark (STRK), ApeCoin (APE), Pixels (PIXEL), and Yield Guild Games (YGG) also stand out.

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